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Showing 1 - 10 of 100+ results for "World Bank"

Chief economist update: Chinese manufacturing ramps up

BENJAMIN ONG  |  THURSDAY, 1 APR 2021
... March 2021 'Interim Economic Outlook' report pencilled in a 7.8% expansion this year. In January this year, the World Bank (WB) forecast China's GDP to grow by 7.9% in 2021 predicated on "the release of pent-up demand and a quicker-than-expected ...

Chief economist update: Strike while iron ore cools

BENJAMIN ONG  |  FRIDAY, 26 MAR 2021
... OECD's March 2021 Interim Economic Outlook report pencilled in a 7.8% expansion this year. In January this year, the World Bank (WB) forecast China's GDP to grow by 7.9% in 2021 predicated on "the release of pent-up demand and a quicker-than-expected ...

Chief economist update: When 6%-plus growth is deemed too low

BENJAMIN ONG  |  FRIDAY, 19 MAR 2021
... March 2021 'Interim Economic Outlook' report pencilled in a 7.8% expansion this year. In January this year, the World Bank (WB) forecast China's GDP to grow by 7.9% in 2021 predicated on "the release of pent-up demand and a quicker-than-expected ...

Fifth pillar in retirement system considered

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
... discussed the possibility of a fifth pillar in Australia's retirement income system based on a suggestion from the World Bank in 2008. The review noted that currently Australia has three pillars: the Age Pension, compulsory superannuation and voluntary ...

Chief economist update: The All Ords' ups, downs and ups

BENJAMIN ONG  |  WEDNESDAY, 1 JUL 2020
... accommodative going forward. So much so, that the IMF forecasts global growth to rise from 2.9% in 2019 to 3.3% in 2020 and the World Bank projects growth of 2.5% in 2020 from 2.4%. What could be better for the Australian equity market? What's better ...

Chief economist update: The power of money (and a cure)

BENJAMIN ONG  |  WEDNESDAY, 17 JUN 2020
"...and I think to myself, what a wonderful world." -- Louis Armstrong It seems a long, long time ago but it's only been three whole trading days (June 11) since Wall Street suffered a big fall - the day US benchmark equity indices closed sharply ...

Chief economist update: The second wave

BENJAMIN ONG  |  FRIDAY, 12 JUN 2020
Wall Street is down! Repeat, Wall Street is down! At the close of last night's trading activity all US benchmark equity indices closed sharply lower: Dow (6.9%), S&P 500 (5. 9%), Nasdaq (5.3%), Russell 2000 (7.6%). Financial market wire and web ...

Chief economist update: Equity market disconnect

BENJAMIN ONG  |  WEDNESDAY, 10 JUN 2020
... doesn't mean that it'll be smooth sailing from here. In its June 2020 'Global Economic Prospects' report, the World Bank (WB) sees world GDP growth dropping from an estimated +2.4% in 2019 to -5.2% this year (a sharp 7.7 percentage point ...

Chief economist update: Australia needs China more than it needs us

BENJAMIN ONG  |  FRIDAY, 22 MAY 2020
... economy in the world ... is a big no no ... NO. More so if that country (China) buys 34.7% of your exports (based on World Bank figures) that roughly equates to what Australia sells to Japan (16.4%), South Korea (7.0%), India (4.9%), US (3.8%), and Singapore ...

Recovery expected in 2021: IMF

ELIZA BAVIN  |  TUESDAY, 24 MAR 2020
... particularly concerned about low-income countries in debt distress-an issue on which we are working closely with the World Bank." Georgieva said the IMF is concentrating bilateral and multilateral surveillance on this crisis and policy actions to temper ...
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